WANTED: Chief executive to run major Wall Street firm with reputation for extreme competitiveness and risk. Position may not be available for many years. Apply from within only, please.
Such might read the ad for a new CEO at Goldman Sachs, where top managers at the firm have been meeting with younger executives in hopes of finding a replacement for current chief Lloyd Blankfein—someday. Senior management for the past year or so has been holding regular dinner meetings with potential future leaders, according to a Wall Street Journal report Tuesday.
But for those hoping to get to the top rung, patience will be key. Blankfein, the CEO since 2006, has indicated he's in no hurry to step down, and Goldman President Gary Cohn is the heir apparent to take over should Blankfein make an early exit.
Failing that, however, Goldman executives are looking for who might run the show well into the future.
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"Goldman has always worked to develop a deep bench of talent across all of our businesses, but speculation about succession planning is inevitably ill-informed," a Goldman spokesman told the Journal.
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